Zero-Knowledge Proofs: A Game-Changer for Blind Signing Security Post-Bybit Hack?

Hackers behind the Bybit attack have cashed out $300 million of the $1.4 billion they stole, despite industry efforts to block them.

Reports suggest the North Korea-backed Lazarus Group converted stolen ETH into BTC, making recovery nearly impossible. Security experts face challenges tracking the remaining funds, with 20% reportedly “gone dark.” The attack has reignited discussions on Web3 security, particularly blind signing vulnerabilities. Some experts advocate for zero-knowledge proofs (ZKPs) as a solution, arguing they could prevent similar exploits by ensuring transparency in transactions.

While opinions differ on the best defense, ZKP proponents see it as a key tool in securing the industry.

Clever Robot News Desk 12^th March 2025